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عربي

Bank AlJazira

   (1020.SSE)
Also known as: BAJ
Last Trade
20.60SAR
+ 0.73%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: Nov 30, 2011
 
 
 
Country

Saudi Arabia

Ownership Type
Company Type
Joint Stock
 
 
 
Zawya Industry Classifications (ZIC)
Sector Industry

Financial Services

 
Principal Activities
Provides Islamic commercial banking services including deposits, loans and credit cards.
 
Date of Establishment Year
1975 (June)
 
No of Employees
N/A (1,616 Company, N/A Group, 250 Headquarters) (As of Nov 29, 2011)
 
Important/Recent Developments
Operations started in October 1976
 
Branches
Saudi Arabia (50)    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Saudi SE  1020 1020.SSE Ordinary SAR
 
 
Contact Details
Address:
Al Nahda Center
Al Malik Street
P.O. Box 6277
Jeddah 21442
Saudi Arabia
 
Tel:
+966 2-609-8888
 
Fax:
+966 2-653-2478
 
Email:
info@baj.com.sa
 
Website:
www.baj.com.sa
 
Related Links:
www.nbp.com.pk

 
 
 Sukuk Details
Sukuk Name:
Bank Al Jazira Sukuk
Type of Structure:
Modarabah-Murabaha
Issue Size (mil):
SAR  1,000.00
 
 
 M&A Details
 
Acquistion
 
Status
Cancelled
 
Acquirer
 
Target
 
Announcement Date
21 Jun 2008
 
Closing Date
21 Jun 2008
 
 
 Business Overview
The Saudi-based Bank Al Jazira (BAJ) provides Islamic commercial banking, brokerage, asset management, investment banking and leasing services and real estate investment, directly and through its subsidiaries.

The bank established Aljazira CapitalAljazira CapitalLoading... (AJCAJCLoading...), in 2008, a subsidiary that provides Islamic financial services including international brokerage, corporate finance and investment advisory, fund and portfolio management.

BAJ’s total assets grew by 10.15% to SAR33 billion (USD8.8 billion) and its net profits increased by 5.04% to SAR29 million (USD8 million), in 2010.
 
 
 Major Shareholders  Section Updated: 30Nov11
Name   Type  Country  Holding 
Rashed Abdul Rahman Al Rashed and Sons Company  Corporate Saudi Arabia 22.20% 
Union Brothers for Development Company  Corporate Saudi Arabia 6.50% 
National Bank of Pakistan  Corporate Pakistan 5.80% 
Saleh Abdullah Mohammed Kamel  Private Saudi Arabia 5.00% 
General Organization for Social Insurance - Saudi Arabia  Government Saudi Arabia -
Public   - 60.50% 
 Note: General Organization for Social Insurance - Saudi Arabia's shareholding is part of the public stake.
 
 
 Foreign Ownership Limits
Section Updated: 29Dec09
Owned Permitted
100%
GCC Nationals
 
49%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Aljazira Capital Saudi Arabia 99.99%
Aman Real Estate Company Saudi Arabia 98.00%
 
 
 Representatives
Auditors
Ernst and Young Jeddah Deloitte and Touche Bakr Abulkhair and Company
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  SAR'000 SAR'000 change (%)
Total revenues  1,165,644 1,109,235 (4.84)
Net profit  27,524 28,912 5.04
Total assets 29,976,604 33,018,221 10.15
Paid-up capital 3,000,000 3,000,000 0.00
Shareholders' Equity 4,485,867 4,515,518 0.66
Shares outstanding 300,000 300,000 0.00
Market capitalization 5,745,000 4,935,000 (14.10)
» View Full Financials
 
 
 
 
 
 
 

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